Upon retiring, Amokachi moved into coaching and has spent time as manager of Nasarawa United, Enyimba, Ifeanyi Ubah and JS Hercules.

[1] He competed in the new format of the Champions League, and became the first player to score in the competition, after his goal secured a 1–0 win in the opening match in the group stage against CSKA Moscow.

[2][3] He went on to win the FA Cup with Everton in 1995, scoring two goals in the semi-final against Tottenham Hotspur[1] after 'substituting himself' into the match while Paul Rideout was receiving treatment (the manager Joe Royle had only instructed him to warm up in preparation for possibly coming on).

He had failed to make the impact at Goodison Park that many fans had been hoping for,[2] and had been unable to win a regular place in the first team, as Rideout and Duncan Ferguson were firmly established as Everton's two strikers at that stage.

[1] Amokachi sustained an injury just ahead of the 1998 FIFA World Cup, played one match at the tournament, but struggled with knee problems thereafter.

[7] 4 February 2020, Amokachi was named as Nigeria’s football ambassador by the President, Major General Muhammadu Buhari (retd).

[8] Amokachi is married to a Tunisian woman and has twin sons named Kalim and Nazim, both of whom are currently in the Besiktas youth academy.